China Construction Bank (OTCMKTS:CICHY) Sets New 52-Week High – Still a Buy?

China Construction Bank Corp. (OTCMKTS:CICHY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $22.89 and last traded at $22.8534, with a volume of 4983 shares traded. The stock had previously closed at $22.45.

China Construction Bank Stock Down 0.8%

The stock has a market capitalization of $292.60 billion, a P/E ratio of 6.11 and a beta of 0.12. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a fifty day moving average price of $21.26 and a 200 day moving average price of $20.60.

China Construction Bank (OTCMKTS:CICHY) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). China Construction Bank had a net margin of 26.72% and a return on equity of 9.70%. The company had revenue of $30.21 billion for the quarter, compared to the consensus estimate of $29.64 billion. On average, research analysts forecast that China Construction Bank Corp. will post 3.86 earnings per share for the current year.

About China Construction Bank

China Construction Bank Corporation (OTCMKTS:CICHY) is one of the largest commercial banks in China, headquartered in Beijing. The bank provides a broad range of banking and financial services to corporate, institutional and individual customers. It is widely recognized as one of the major state-owned banks in China and has played a significant role in financing infrastructure, real estate and corporate development across the country.

CCB’s core business activities include corporate banking, personal banking and treasury operations.